Having the best balance transfer credit cards can be a great benefit to your finances. You should find a balance transfer credit card that has a low interest rate and a wide variety of benefits. The more you know about these cards, the easier it will be to choose the one that’s right for you.
BankAmericard
Choosing a BankAmericard balance transfer credit card is a great way to reduce your debt and avoid high interest charges. If you have a good credit history, you may qualify for a minimal APR and a generous promo period. But, if you’re relying on a BankAmericard card to help you pay off your debt, you’ll want to make sure you know what you’re getting into.
The BankAmericard credit card offers one of the longest 0% APR promotions out there, and it comes with a competitive fee schedule. It also has some excellent security features. You can opt to receive paperless statements through the BankAmericard online banking portal, and you can receive free FICO(r) Score updates.
You can also take advantage of the BankAmericard’s 3% foreign transaction fee on purchases made outside the United States. Its balance transfer offer allows you to move your existing debt from another credit card, but you’ll have to pay a $10 minimum transfer fee.
Citi Diamond Preferred
Whether you want to pay off your credit card balances or take advantage of the introductory offer on purchases, the Citi Diamond Preferred Balance Transfer Credit Card may be the best option for you. However, there are a few things to know about the card before you apply.
First, you need to have a good credit score to qualify for the card. You can check your FICO score on the Internet for free. If you have a score of 670 or higher, you will be able to apply for the Citi Diamond Preferred Card. The introductory APR is also a plus, but beware – your APR could increase after the initial introductory period.
The Citi Diamond Preferred offers a $150 statement credit after you spend $500 in the first three months. This can help you offset the cost of your balance transfer fee. The $150 statement credit is not a large amount, but it can make the overall cost of your balance transfer much less.
Bank of America
Using Bank of America balance transfer credit cards to move your debt can help you save money on interest charges and avoid late fees. However, it’s important to know what you’re getting into before applying.
In addition to offering 0% introductory APRs for up to 21 months, most Bank of America balance transfer credit cards offer cash back and other rewards. Depending on your credit, you may qualify for one of these cards.
Whether you’re looking for a new card to consolidate your debt or pay off existing bills, a balance transfer can help you get out of debt and improve your credit score. To apply for a Bank of America balance transfer credit card, you’ll need a good credit score, which can range from 670 to 850.
You’ll also need to fill out an application and provide your address and Social Security number. You’ll need to provide the name of the creditor, as well as the amount of the balance you’re transferring.
Discover it
Whether you are trying to pay off your credit card debt or want a card to finance your new purchases, the Discover it Balance Transfer credit cards are a great choice. These cards offer a long 0% introductory APR period, no annual fee, and a robust rewards program.
The Discover it Balance Transfer credit card offers a first-year cash back match promotion. This reward doubles the amount you earn the first year and is valid for five years. It also provides a free year-end summary of spending to help you keep track of your bills.
In addition, Discover it provides credit monitoring, identity alerts, and a mobile app. These features are useful for cardholders when their cards are lost or stolen. It also helps remove personal information from search websites.
Another benefit of the Discover it card is the ability to freeze and unfreeze your account. This can be useful if your card is stolen, lost, or you’re planning to travel. Moreover, the Identity Alerts feature lets you know if there have been any changes to your Experian credit report.
